Every 10-Q that Smith Micro Software Inc (SMSI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow SMSI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SMSI filings page.
Smith Micro Software, Inc. reported continued operating losses for the three and six months ended June 30, 2026 while implementing significant balance-sheet and capital-structure changes. Revenue was $4.3 million for the quarter and $8.6 million year‑to‑date, slightly below the prior‑year periods, but gross margin improved to 81.3% in the quarter as cost of revenues declined.
Operating expenses fell sharply versus the prior year, which had included an $11.1 million goodwill impairment and a $1.3 million gain on sale of the ViewSpot product; excluding these, operating costs still decreased due to restructuring and lower stock‑based compensation. Net loss attributable to common stockholders was $2.7 million for the quarter and $6.6 million for six months, with negative operating cash flow of $4.6 million.
The company raised liquidity through a $1.0 million secured note and warrant financing in February 2026, $4.9 million of secured convertible notes and associated warrants in March 2026, and a June 2026 warrant‑exercise inducement that generated about $1.6 million in cash. A one‑for‑five reverse stock split effective June 4, 2026 reduced outstanding shares from roughly 25.5 million to 5.1 million and helped regain Nasdaq minimum bid price compliance. Despite these actions, management disclosed substantial doubt about the company’s ability to continue as a going concern within one year, citing recurring losses, negative cash flows, and reliance on future capital raises and subscriber growth.
Smith Micro Software’s quarter ended March 31, 2026 shows shrinking revenue, continued losses and tight liquidity. Revenue fell 9% to $4.2 million, mainly from lower Family Safety and ViewSpot sales, while gross profit slipped to $3.3 million. Operating expenses dropped by about $1.9 million after cost-cutting, but the company still posted a net loss of $3.9 million (basic and diluted loss of $0.15 per share), slightly better than the prior year’s $5.2 million loss.
Cash and cash equivalents were only $1.7 million with operating cash outflow of $3.8 million in the quarter, leading management to conclude that substantial doubt about the company’s ability to continue as a going concern within one year has not been alleviated. To bolster liquidity, Smith Micro raised $1.0 million via a secured note and $4.9 million through secured convertible notes bearing 8.0% interest and maturing in 2029, issuing 9.4 million warrants alongside. The company also faces Nasdaq minimum bid-price pressure and remains heavily dependent on a few large customers, which together represented 99% of Q1 2026 revenue.
Smith Micro Software (SMSI) reported Q3 2025 results showing revenue of $4.347 million, down slightly from $4.648 million a year ago. The quarter’s operating loss narrowed to $4.485 million from $6.507 million, and net loss was $4.535 million versus $6.369 million. For the nine months, net loss was $24.774 million compared with $44.306 million last year, reflecting prior-period goodwill impairments and ongoing cost actions.
Liquidity remains tight. Cash and cash equivalents were $1.394 million, with net cash used in operations of $5.007 million for the nine months. Management disclosed “substantial doubt” about the company’s ability to continue as a going concern, citing recurring losses and negative cash flows, while outlining cost reductions and potential capital raises.
During the quarter, the company closed a July 2025 registered direct offering of 1,612,903 shares at $0.93 and issued warrants with full‑ratchet features, and raised approximately $1.2 million through September 2025 secured notes bearing 15.0% interest, each with accompanying warrants. A deemed dividend of $0.635 million was recorded due to warrant repricing. Shares outstanding were 21,585,712 as of November 3, 2025.